16:51:29 EDT Tue 29 Apr 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Western Forest Products Inc
Symbol WEF
Shares Issued 316,745,557
Close 2025-01-13 C$ 0.42
Market Cap C$ 133,033,134
Recent Sedar Documents

Globe says Canfor, rivals brace for increase in tariffs

2025-01-14 08:19 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Tuesday edition that Canadian sawmills are warning U.S. customers of possible price increases due to potential new tariffs on top of existing lumber duties. The Globe's Brent Jang writes that the U.S. Department of Commerce already imposes a punitive 14.4-per-cent duty on softwood lumber imported from Canada. "A number of Canadian lumber companies are now advising customers that they will add 25 per cent to lumber exports to the U.S.," if the threatened tariffs are implemented, says forestry analyst Russ Taylor. "They have no alternative but to increase prices by the 25 per cent to cover the potential tariff." The details of how any tariffs would be applied, or which parties would be on the hook for paying them, are unclear. Analysts say U.S. duty rates imposed on Canadian softwood could more than double this year and reach 30 per cent. If new tariffs are applied, that would mean a rate of tariffs and lumber duties totalling 55 per cent. Last week, Donald Trump said the U.S. has plenty of forests with timber supplies. He dismissed the role of Canadian softwood saying, "We don't need their lumber." The BC Lumber Trade Council says the U.S. is not able to meet its domestic softwood demand.

© 2025 Canjex Publishing Ltd. All rights reserved.